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Croatia Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
4,270,480 (July 2018 est.)GDP (PPP)
$102.1 billion (2017 est.)Tourism is one of the main pillars of the Croatian economy, comprising 19.6% of Croatia’s GDP
GDP growth rate
2.8% (2017 est.)Good growth rate. Recovering from a long recession (2009-2014)
GDP (PPP) per capita
$24,700 (2017 est.)Medium. Among the highest of the Balkan countries
Local currency
Kuna (HRK)Quite stable currency
Financial stability (Public debt)
77.8% (2017 est.)Medium
Inflation
1.1% (2017 est.)Still low but recovering from deflation
Language
Croatian (official)English is spoken as a second language in the main urban or touristic areas
Corruption perception index (Source: Transparency International)
Rank 60/180Medium to high level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
25% standard VAT rateReduced rates apply: 13% (wide list of products), 5% (listed foods, listed medicines, books, cinema, newspapers), no VAT (wide list of products/services include medical services and real estate)
Corporate Tax
18% standard rate with certain exceptions available12% reduced rate for small companies (revenues < 3M Kuna ≈400,000€). Different rates are applied in some cases
Duties
EU custums duties apply to the import of goods from outside the EU
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